In the latest edition of FX Spotlight, Sebastian Hofmann-Werther, Chief Revenue Officer FX & Digital at 360T, explores how the institutional crypto market is evolving, and why we may be at a turning point.

Currently sitting at an all-time high of around $4 trillion in total crypto market capitalization, crypto markets are entering a new phase of institutional engagement. Regulatory clarity, maturing infrastructure, and growing demand from hedge funds, family offices, and asset managers are reshaping the landscape. But challenges remain, from fragmented liquidity to counterparty risk and legacy exchange models.

Drawing clear parallels to FX, Hofmann-Werther highlights how institutions are demanding familiar pillars: regulatory oversight, capital efficiency, and multi-dealer access.

With this in mind, 3DX – 360T’s execution-only, MiCAR-regulated crypto venue – offers the same standards, governance, and infrastructure that institutional clients expect from traditional markets.